2 weeks Ago By ABMN Staff
HBK Sorce Advisory LLC increased its stake in Martin Marietta Materials, Inc. ( NYSE:MLM – Free Report ) by 6.4% during the second quarter, HoldingsChannel reports.
The firm owned 431 shares of the construction company’s stock after acquiring an additional 26 shares during the period. HBK Sorce Advisory LLC’s holdings in Martin Marietta Materials were worth $234,000 as of its most recent filing with the Securities and Exchange Commission. Several other institutional investors have also bought and sold shares of the company.
Ameritas Advisory Services LLC raised its stake in shares of Martin Marietta Materials by 2.8% in the second quarter. Ameritas Advisory Services LLC now owns 664 shares of the construction company’s stock valued at $360,000 after buying an additional 18 shares during the period.
Mather Group LLC. raised its stake in Martin Marietta Materials by 13.6% in the 2nd quarter.
Mather Group LLC. now owns 167 shares of the construction company’s stock valued at $90,000 after acquiring an additional 20 shares during the period. TFG Advisers LLC lifted its holdings in Martin Marietta Materials by 3.
7% during the second quarter. TFG Advisers LLC now owns 555 shares of the construction company’s stock valued at $300,000 after purchasing an additional 20 shares during the last quarter. Parallel Advisors LLC boosted its position in Martin Marietta Materials by 1.
8% during the fourth quarter. Parallel Advisors LLC now owns 1,170 shares of the construction company’s stock worth $584,000 after purchasing an additional 21 shares during the period. Finally, Pitcairn Co.
increased its stake in shares of Martin Marietta Materials by 5.0% in the first quarter. Pitcairn Co.
now owns 442 shares of the construction company’s stock worth $271,000 after purchasing an additional 21 shares in the last quarter. Hedge funds and other institutional investors own 95.04% of the company’s stock.
Analyst Ratings Changes MLM has been the topic of several recent research reports. Citigroup dropped their target price on Martin Marietta Materials from $658.00 to $646.
00 and set a “buy” rating on the stock in a research report on Monday, August 12th. Loop Capital dropped their price objective on Martin Marietta Materials from $630.00 to $615.
00 and set a “buy” rating on the stock in a report on Tuesday, August 13th. Stephens reduced their target price on Martin Marietta Materials from $650.00 to $610.
00 and set an “overweight” rating for the company in a report on Friday, August 9th. Morgan Stanley increased their price target on shares of Martin Marietta Materials from $610.00 to $657.
00 and gave the stock an “overweight” rating in a report on Monday, August 26th. Finally, Jefferies Financial Group boosted their price objective on shares of Martin Marietta Materials from $660.00 to $665.
00 and gave the company a “buy” rating in a research note on Wednesday, July 17th. One analyst has rated the stock with a sell rating, three have given a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.
com, the stock has a consensus rating of “Moderate Buy” and an average price target of $629.82. Martin Marietta Materials Stock Up 1.
0 % MLM opened at $520.68 on Monday. The business’s fifty day simple moving average is $541.
32 and its 200 day simple moving average is $568.70. Martin Marietta Materials, Inc.
has a 52 week low of $389.90 and a 52 week high of $626.67.
The company has a quick ratio of 0.94, a current ratio of 1.86 and a debt-to-equity ratio of 0.
45. The stock has a market cap of $32.09 billion, a PE ratio of 15.
43, a P/E/G ratio of 3.52 and a beta of 0.91.
Martin Marietta Materials ( NYSE:MLM – Get Free Report ) last posted its quarterly earnings data on Thursday, August 8th. The construction company reported $4.76 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $5.
36 by ($0.60). The firm had revenue of $1.
76 billion during the quarter, compared to analysts’ expectations of $1.83 billion. Martin Marietta Materials had a return on equity of 13.
85% and a net margin of 30.80%. Martin Marietta Materials’s revenue for the quarter was down 3.
1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $5.60 earnings per share.
As a group, research analysts expect that Martin Marietta Materials, Inc. will post 19.33 earnings per share for the current fiscal year.
Martin Marietta Materials Increases Dividend The firm also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Tuesday, September 3rd will be paid a dividend of $0.79 per share.
The ex-dividend date of this dividend is Tuesday, September 3rd. This is an increase from Martin Marietta Materials’s previous quarterly dividend of $0.74.
This represents a $3.16 annualized dividend and a dividend yield of 0.61%.
Martin Marietta Materials’s dividend payout ratio (DPR) is 9.36%. Martin Marietta Materials Company Profile ( Free Report ) Martin Marietta Materials, Inc, a natural resource-based building materials company, supplies aggregates and heavy-side building materials to the construction industry in the United States and internationally.
It offers crushed stone, sand, and gravel products; ready mixed concrete and asphalt; paving products and services; and Portland and specialty cement for use in the infrastructure projects, and nonresidential and residential construction markets, as well as in the railroad, agricultural, utility, and environmental industries. Read More Want to see what other hedge funds are holding MLM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Martin Marietta Materials, Inc.
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